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Director PDMR Shareholding

30th Sep 2011 17:28

RNS Number : 3651P
Maple Energy plc
30 September 2011
 



 

30 September 2011

 

 

MAPLE ENERGY PLC

 

("Maple" or the "Company")

 

Notification of Transactions

By Directors and Persons Discharging Managerial

Responsibility Shareholding

 

 

Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, was notified on 29 September 2011 that on the same day Mr. Tony Hines, Senior Vice President and Executive Director, and Mr. Nabil Katabi, Project Development Manager, each entered into a sale and repurchase agreement (the "Agreement") through the Lima Stock Exchange for the sale and repurchase of up to 96,340 and 60,850 ordinary shares beneficially owned by Mr. Tony Hines and Mr. Nabil Katabi respectively.

 

Under the terms of the Agreements, Mr. Tony Hines and Mr. Nabil Katabi sold 96,340 and 60,850 ordinary shares, respectively, at a price of $0.99 (63p*) per ordinary share, while assuming an obligation to repurchase those same shares at a price of $1.05 (67p*) per ordinary share on or before 28 May 2012.

 

Following the completion of the transactions described above, and prior to the repurchase of such ordinary shares, Mr. Tony Hines will beneficially own 8,646,587 ordinary shares, or 5.79% of the outstanding share capital of Company on a non-diluted basis; while Mr. Nabil Katabi will beneficially own 683,234 ordinary shares, or 0.46% of the outstanding share capital of the Company on a non-diluted basis.

 

\* The exchange rate used was 1.5601, the rate at Bloomberg for US dollars/UK sterling at 19:37hrs(EST) on 29 September 2011.

 

 

 

For further information, please contact:

 

Maple Energy plc (+ 51 1 611 4000)

Rex W. Canon, Chief Executive Officer, President and Executive Director

 

Jefferies International Limited (+44 20 7029 8000)

Thomas Rider

 

Buchanan Communications Ltd. (+44 20 7466 5000)

Mark Edwards

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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